Macau Economy Seen at Risk as Moody’s Downgrades Gaming HubBy
Agency expects Macau GDP to continue shrinking in 2016, 2017
Government’s gaming-focused strategy leaves growth volatile
Moody’s Investors Service downgraded the Macau government’s credit rating, reflecting concerns the Chinese city that’s home to units of Las Vegas Sands Corp. and Wynn Resorts Ltd. will suffer volatile growth amid slumping gaming revenue.
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